Why I Don’t Trust Wood Profits By Jim Morgan | An Honest Review

Why I don’t trust Jim Morgan’s Wood Profits

Jim Morgan’s Wood Profits raised my suspicions when I first came across the woodprofits.com website about 4 months ago and although I’m not saying Wood Profits is a scam there are many components of its promise that has me questioning its legitimacy.

What is “Wood Profits”?

Wood Profits is a book or more specifically a guide to achieving success with woodworking and turning your hobby into a very lucrative business, or so their site claims.

They go on to add that this success can be achieved with little to no startup capital and no high-end equipment while working only 20 hours a week. On top of it all, they claim all of this can be done while having almost no previous woodworking experience.
Great! Sign me up, no wait, maybe not just yet.
Let’s take another look first.

At first glance

Landing on the site’s homepage you are met with a very captivating heading suggesting you could earn an income of $90000 – $150000 while woodworking with, wait for it, a measly $1000 or less start-up capital, which is later, as you read on, reduced to “no capital”.
At this point, I am already questioning its plausibility because as we all know, when something sounds too good to be true it often is.


They do however make it very clear in their disclaimer that they can in no way guarantee that you could or would make the sum of money they so provocatively swing before your eyes in their attention-grabbing homepage and that this amount is just an estimate.
This does seem like a fair statement to me because let’s face it, just buying a book is not going to make you money. There is still a great deal of work to be done thereafter like source materials, build the products and ultimately sell these products at a profit. This is easier said than done.

As we explore the site

So after the promise of high returns with a minimal investment you proceed to read the inspirational story by Jim Morgan. A gray, old, spectacle wearing male as the suggestive picture would have you believe but after doing a quick google image search you will find that this is a stock image from istockphoto.com called smiling man. So either Jim Morgan is not only a woodworking genius but also a model. Though highly unlikely, it is possible. So let’s keep going.

Continuing through the site you will be met with images of what I am lead to believe should seem like “Jim” working in his small workshop. After closer inspection, you will probably come to the same conclusion I have, which is that although these images have gray, sometimes bearded men wearing spectacles, they are indeed, not the same person.

What woodprofits.com claim:

You can make up to $150000 a year woodworking with little or no start-up capital, no expensive equipment, and no experience.

If this is true then there are many great woodworkers out there that are completely missing the plot.

Equipment aside (which in the wonderful world of professional woodworking can tally up to exorbitant amounts), let’s take a look at a random scenario posed by myself.

If you sold a specific product for $100.00 at a very impressive 40% profit. It would mean you would need to produce 3750 units of that product a year to make $150000.00. That’s roughly 72 units a week. According to “Jim”, you will only be working 20 hours a week which means you will need to produce an object every 17 mins.

This is a tall order even for a more experienced woodworker with a fair amount of equipment and yet “Jim” claims it can be achieved with no experience. Why? Because upon buying the product you will receive:

  • one-on-one coaching
  • a guide to selling wooden furniture.
  • plans for wood products
  • how to get customers etc…

and let’s not forget, access to his 1 secret. The critical first step, the one secret which without you don’t stand a change.

So everyone else with experience, plans, and sales know-how, who has tried to make that kind of money woodworking and have failed, have only been doing that one thing wrong?

The last thing that has me questioning the validity of their pitch is the string of credentials they have. They claim to have been featured on “USA Today” and “CNN” and even boast a “Home Business Reviews Award” but I have yet to find any trace of these achievements anywhere else but on their site.

The sinker

Woodprofits.com offer a 60-day money back guarantee if you are not completely satisfied with their product but if the only means of contacting them is to submit a “ticket” through their website, I am doubtful that the act would be as simple as it is being made out to seem.

At the end of it all, it is a very alluring and captivating pitch. Will it make you wealthy? Though possible, it probably won’t.

Like most things in life, woodworking is something that takes hard work, dedication, perseverance and time. Why would potential clients buy your product if they can buy it from someone who has the skill to produce the same product but of a higher quality.

A few other things that are suspicious.

  • Why would a woodworker need a hard hat?
  • Why hasn’t their “soon to go up” offer not changed in the 4 months since I first came across the site.
  • Jim’s signature is done in a font called Scriptina Pro.

Why so many positive reviews?

So why are there so many reviews promoting this product? Simple, these are likely all affiliate marketers. This means for every sale woodprofits.com generates through an affiliate site (the site promoting their product) the affiliate receives a commission. Wood Profits is currently offering a very impressive 75% commission and it is for this reason why people are jumping at the opportunity to promote their product.

Something else that has me worried is the fact that all the reviews I found on Youtube either had no comments at all or just a bunch of affiliate spammers trying to get a cut of the pie.

While affiliate marketing in itself can be a great business opportunity, what these people are doing can be considered unethical.

If you would like to learn more about affiliate marketing and how to build your own website, I suggest you check out Wealthy Affiliate.

Conclusion.

While I do believe that upon purchasing this guide from woodprofits.com, you will receive a “guide to making money with woodworking” but whether or not it will make you rich, I find highly doubtful. I personally will not be spending my hard earned money on something that makes such a grand claim with so many red flags and no references to back it up.

Making money with your hobby is possible but being realistic and working hard is key.

 

Posted by Jean

Website: http://woodworkjunkie.com

This article has 19 Comments

  1. Great review you have given me an idea ! I’ll set up a metalwork website. I’m a welder and have the skills to pass on. sorry need to say they don’t need the skills ! lol
    I’m with you, No way could you make high quality items without the skills & they don’t come out of a book.
    I had never heard of the site until I read your review. I have been and checked it out.
    Cheers
    Paul

    1. Hey Paul.

      Great idea about the metalwork website. I also do a bit of metalwork and also enjoy it a great deal but just like woodworking, it does requires a good deal of skill and know-how.

      I also agree with you that skill does not come out of a book. It takes practice. Just like reading a book about “how to be a rockstar” won’t mean you will suddenly be able to play the guitar.

      Thanks for reading.
      Jean

  2. Jim Morgan’s Wood Profits sounds like a crazy proposition. As you pointed out, woodworking is a skill (and an art). My dad did a lot of woodworking and made some beautiful pieces. But he had a talent for it. Not many people have the talent and patience for woodworking–even if you learn how to do it.

    1. Hi,

      This is true. I have worked with tools my entire professional career while woodworking is just one of the trades I practice. I can honestly say that without practice you will have a hard time producing quality products.

      Jean

  3. Interesting post! I appreciate you making others aware of scammers that are trying to exploit people actually trying to get into something passionate. Keep up the good work!

    1. Hey Kourtney.

      Thanks for stopping by. Just to be clear, I’m not saying it’s is a scam as I haven’t bought the product. I am explaining my opinion based on how I analyzed their website.

      If you view their affiliate site you will find that they are associated with Ted’s woodworking which has also received many negative reviews for being untrustworthy.

      Jean

  4. Jean, I completely agree with you here. You can make a profit with woodworking, but it takes hard work, perseverance, talent, and frankly, money.
    I come from a long line of carpenters. I used to be a professional carpenter and still have it in my blood. But I can assure you and any reader out there who think he/she can work wood without tools is completely wrong. Not only do you need the basic hand tools and accessories, but if you are going to do more than be a framer, you’re going to need table saws, planer, a jig saw, miter box, a lathe, and countless other very expensive machinery. And let me tell you, you’ll still have to maintain the tools and machinery through replacement parts and taking the time to make repairs. That’s all out of pocket time and expense.
    Here’s the Gods-honest, yeah you can make $100,000 but trust me after expenses and taxes you’ll likely walk away with $20,000 annually. No, I’m serious. No joke.
    Carpentry is an honorable trade. But it’s hard. It takes time to build your clientele. And not only that, you have to constantly rebuild your clientele.
    I’m not trying to be negative or discouraging. But let’s face it – tradesmen have a hard lot. Even the very talented ones. Oh yeah, you can totally get lucky and be sought after. But it’s still expensive.
    Anyway, thanks for the article. I feel informed about a scam I didn’t know existed. Imagine!
    Erika

    1. Hi Erika,

      Thank you for your comment. I fully agree with everything you said. Something that I personally experienced as a more direct enemy of your margins is the high prices on the wood itself.

      I would love to believe in the beautiful picture painted by their campaign but I just don’t.

      I would have felt more at ease if I could find an actual user review of this product but I just can’t.

      Jean

  5. Hi, Jean,

    I was on the edge of purchasing this, but as you noted above, it just seemed to good to be true. My first response before spending the $37 was to research on line any consumer business reports or any information about Wood Profits scams. Every review was positive; that’s just statistically impossible! There would have been at least one negative review, even if it was a disgruntled customer who gave it a shot and discovered he/she couldn’t make it work and quit, embittered by the experience. But there were none of those, either, which in itself is weird.

    After two days of searching, I came across your site. I read your thoughts above, but comments section really opened my eyes! You could tell by a lot of the seasoned responses that 1) they spoke from immediate experience of having, or 2) had friend or family who did. The comment above about after deductions one would be lucky to clear $20,000 per year was an eye-opener, too, along with your quip about having to produce widget ever 17 minutes or so just to hit that $100,000 – and that’s before taxes!!

    The last thing: why did it take two days to find your review? It strongly suggests that all the search engines, e.g. DuckDuckGo, Google, etc. are manipulating their algorithms on behalf of their advertisers, which ALSO means the reviews of WoodProfits is a scam – Someone’s paying to move those reviews to the top of the search engine heap! And the fact that “Jim Morgan” is a stock photo. That’s rich and pretty much clinches it right there, doesn’t it?

    While I can’t say with 100% accuracy that it’s a scam, the circumstantial evidence is telling me to save my money and look for real books on starting your own carpentry business at Amazon like this one:

    https://www.amazon.com/gp/product/0973071044/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&tag=woodworkjun0a-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=0973071044&linkId=b7e4427e7da024ea1698e1fe9145f637s

    I think I’ll buy the Amazon book for twenty bucks.

    Thanks.

    V/r

    Tim O’Flaherty

    1. Hi Tim

      Like you, I also considered purchasing their product and like you, I also found all the very positive reviews very suspicious. It was for that reason that I sat down and decided to scrutinize their site as to make an informed decision.

      Like I explain in my post, I can’t confirm that their product is, in fact, a scam, but after looking into it, I will definitely not be spending my cash on it.

      As for all the positive reviews, well my theory is because Wood Profits offer such a very attractive commission to their affiliates, people are lining up to promote their product. It may not be that search engines are bumping these reviews but more than the market is flooded with them.

      Best of luck with your woodworking business.
      Jean

  6. Jim’s wood profits guarantee is exactly as it states. “Love it or Shove it”. If you don’t love it YOU CAN SHOVE IT because they will not respond back when you submit a ticket as I have tried several times. STAY AWAY FROM THIS SITE!.

    1. Hi Randy,

      This is exactly what I expected would happen.
      I have identified a number of other sites that are set up in very much the same way as Wood Profits. I suspect that all of these are run by the same group. I will be posting more on that soon.

      Jean

  7. Oh my goodness, I was in the process of setting up my paypal account to buy this product before the price “goes up again”, as stated on the site. Right before the very last minute, I decided to find reviews about it and saw your post. Thank you!!!!! Thank God for people like you. Bless you, good sir. Happy new year, by the way!

  8. Thanks for posting this review. Little or no capitol or experience required. LOL
    The bullet point on his website that really made me chuckle was this:
    *The crucial first step you need to do to make your first dollar (without this secret you’ll never make a penny in this business)*
    LOLOLOL
    Thanks again

    1. Hey Buck,

      Always a pleasure.
      There are more of these types of sites popping up with the promise of milk and honey with minimal input but unfortunately, I think we all know there is no such thing as easy money.

      Cheers
      Jean

  9. I almost got sucked into buying this, but I did some research. I was a Navy welder/pipefitter for 24 years and now retired I just started building furniture. I had no prior woodworking experience, but have vast sheet metal and metal working experience. I am turning out quality products but to do so I did need to buy equipment in order to do the work in a timely manner. I spent an initial investment of about 7k, and have made about half that back in about 2 months. What this website proposes is, in my opinion, impossible with thier claims of only $1k initial investment and 20 hours a week. I probably work over 40 hours a week. Just my 2 cents…lol

    1. Exactly Jon!

      A large part of the appeal of wooden furniture is their longevity and being able to produce a piece of furniture that would be built to last takes time, skill, and quite frankly a few bucks to get going.
      I admire the idea of what they are trying to sell but unfortunately can’t see those targets being achieved.

      Jean

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